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Wanda Group
WANDA GROUP (simplified Chinese : 万达集团; traditional Chinese : 萬達集團; pinyin : Wàndá Jítuán), or DALIAN WANDA (Chinese: 大连万达), is a Chinese multinational conglomerate corporation and the world's biggest private property developer and owner and the world's largest cinema chain operator, owning Wanda Cinemas and the Hoyts Group , as well as a majority share of AMC Theatres . The company operates in several major industries: commercial property, luxury hotels, culture, Internet, finance, tourism, and department stores. It was established in Dalian
Dalian
, Liaoning
Liaoning
and is now headquartered in Beijing
Beijing
. It ranked 380th on the Fortune Global 500 List in 2017. In 2016 its assets amounted to 796.2 billion yuan with operating revenue of 255 billion yuan. Wanda Cultural Industry Group is China’s largest cultural enterprise, with annual revenue of 64.1 billion yuan in 2016. CONTENTS* 1 History * 1.1 Diversification push * 1.2 Initial public offering * 1.3 Sports * 2 Operations * 3 Sponsorships * 4 See also * 5 References * 6 External links HISTORYThe company was founded in Dalian, Liaoning, in 1988 as a residential real estate company by Wang Jianlin . Incorporated in 1992, the company was "one of the first shareholding companies in the PRC" after the economic reform
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Dalian Wanda F.c.
DALIAN SHIDE was a former professional Chinese football club based in Dalian
Dalian
, Liaoning
Liaoning
province, China
China
who played in China's football league system between 1955 to 2012. Their home stadiums were the 55,843 capacity Dalian
Dalian
People\'s Stadium and then later in 1997 they moved to the 30,776 capacity Jinzhou Stadium . The club was initially founded in 1955 as DALIAN SHIPYARDS and made sporadic appearances within the Chinese national leagues until 1982 when the local Dalian
Dalian
government took ownership of the club and renamed it DALIAN FOOTBALL CLUB. The club won their first major silverware when they won the 1992 domestic cup title. In 1993, the club was reorganised to become a completely professional football team, renamed themselves DALIAN WANDA FC and went on to win the first fully professional 1994 Chinese Jia-A League title. The tycoon Xu Ming and the Shide Group would go on to take over the club rename it Dalian
Dalian
Shide
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List Of Business Entities
A BUSINESS ENTITY is an entity that is formed and administered as per commercial law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations , cooperatives , partnerships , sole traders , limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, ≈ public limited company (UK, Ireland and the Commonwealth) ≈ Ltd.
Ltd.
(UK, Ireland and the Commonwealth) ≈ limited partnership = unlimited partnership = chartered company = statutory company = holding company = subsidiary company = one man company (sole proprietor ) = NGOs However, the regulations governing particular types of entity, even those described as roughly equivalent, differ from jurisdiction to jurisdiction. When creating or restructuring a business, the legal responsibilities will depend on the type of business entity chosen
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Private Company
A PRIVATELY HELD COMPANY or CLOSE CORPORATION is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares ) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately. More ambiguous terms for a privately held company are UNQUOTED COMPANY and UNLISTED COMPANY. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy . In 2008, the 441 largest private companies in the United States accounted for US$ 1,800,000,000,000 in revenues and employed 6.2 million people, according to Forbes
Forbes
. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on Forbes
Forbes
' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (44%) and employed 4 million people. In 2004, the Forbes' count of privately held U.S. businesses with at least $1 billion in revenue was 305. Cargill , Koch Industries
Koch Industries
, Bechtel , Publix
Publix
, Pilot Corp. , Deloitte Touche Tohmatsu (a member of the Big Four group of accounting firms), Hearst Corporation
Corporation
, Cox Enterprises , S. C
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Conglomerate (company)
A CONGLOMERATE is the combination of two or more corporations engaged in entirely different businesses that fall under one corporate group , usually involving a parent company and many subsidiaries . Often, a conglomerate is a MULTI-INDUSTRY COMPANY. Conglomerates are often large and multinational . Conglomerates were popular in the 1960s due to a combination of low interest rates and a repeating bear/bull market , which allowed the conglomerates to buy companies in leveraged buyouts , sometimes at temporarily deflated values. Famous examples from the 1960s include Ling-Temco-Vought , ITT
ITT
Corporation
Corporation
, Litton Industries , Textron , Teledyne
Teledyne
. Because of low interest on the loans, the overall return on investment of the conglomerate appeared to grow. Also, the conglomerate had a better ability to borrow in the money market , or capital market , than the smaller firm at their community bank . For many years this was enough to make the company's stock price rise, as companies were often valued largely on their return on investment. The aggressive nature of the conglomerators themselves was enough to make many investors, who saw a "powerful" and seemingly unstoppable force in business, buy their stock. High stock prices allowed them to raise more loans, based on the value of their stock, and thereby buy even more companies
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Property Development
REAL ESTATE DEVELOPMENT, or PROPERTY DEVELOPMENT, is a business process , encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property . Real estate development is different from construction , although many developers also manage the construction process. Developers buy land, finance real estate deals, build or have builders build projects, create, imagine, control and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate—and receive the greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it. Sometimes property developers will only undertake part of the process. For example, some developers source a property and get the plans and permits approved before selling the property with the plans and permits to a builder at a premium price
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Cultural Industry
According to international organizations such as UNESCO
UNESCO
and the General Agreement on Tariffs and Trade (GATT), CULTURAL INDUSTRIES (sometimes also known as "creative industries ") combine the creation, production, and distribution of goods and services that are cultural in nature and usually protected by intellectual property rights. CONTENTS * 1 The concept * 2 See also * 3 Notes * 4 References THE CONCEPTThe notion of cultural industries generally includes textual, music , television , and film production and publishing , as well as crafts and design. For some countries, architecture , the visual and performing arts , sport , advertising , and cultural tourism may be included as adding value to the content and generating values for individuals and societies. They are knowledge-based and labour-intensive, creating employment and wealth. By nurturing creativity and fostering innovation societies will maintain cultural diversity and enhance economic performance. Cultural
Cultural
industries worldwide have adapted To The New digital technologies and to the arrival of national, regional and international (de)regulatory policies
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Dalian
DALIAN is a major city and seaport in the south of Liaoning
Liaoning
Province , China
China
. It is the southernmost city of Northeast China
China
and at the tip of the Liaodong Peninsula . Dalian
Dalian
is the province's second largest city and has sub-provincial administrative status; only the provincial capital ( Shenyang ) is larger. The Shandong Peninsula lies southwest across the Bohai Strait ; Korea
Korea
lies across the Yellow Sea to the east. Today, a financial, shipping and logistics centre for Northeast Asia , Dalian
Dalian
has a significant history of being used by foreign powers for its ports. Dalian
Dalian
was previously known as both DALNIY (Russian : Дальний; _DAL\'NII_) and DAIREN (Japanese : 大連). However the city was better known as PORT ARTHUR (Russian: Порт-Артур; _PORT-ARTUR_) and RYOJUN (Japanese: 旅順) from the original Port
Port
Arthur , now the city's Lüshunkou district
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Liaoning
LIAONING (Chinese : 辽宁; pinyin : _ Liáoníng _ ) is a province of China , located in the northeast of the country. The modern province was established in 1907 as FENGTIAN or FENGTIEN province and the name was changed to Liaoning in 1929. It was also known as MUKDEN province at the time, for the Manchu pronunciation of Shengjing, the former name of the provincial capital Shenyang . Under the Japanese-puppet Manchukuo regime, the province reverted to its 1907 name but the name Liaoning was restored in 1945 and again in 1954. Liaoning is the southernmost part of Manchuria , the Chinese Northeast. It is also known in Chinese as "the Golden Triangle" from its shape and strategic location, with the Yellow Sea ( Korea Bay and Bohai Sea ) in the south, North Korea 's North Pyongan and Chagang provinces in the southeast, Jilin to the northeast, Hebei to the southwest, and Inner Mongolia to the northwest. The Yalu River marks its border with North Korea , emptying into the Korea Bay between Dandong in Liaoning and Sinuiju in North Korea
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China
CHINA, officially the PEOPLE\'S REPUBLIC OF CHINA (PRC), is a unitary sovereign state in East Asia and the world\'s most populous country , with a population of over 1.381 billion . Covering approximately 9.6 million square kilometres (3.7 million square miles), it is the world's second-largest state by land area and third- or fourth-largest by total area . Governed by the Communist Party of China , it exercises jurisdiction over 22 provinces , five autonomous regions , four direct-controlled municipalities (Beijing, Tianjin , Shanghai , and Chongqing ) and the Special Administrative Regions Hong Kong and Macau , also claiming sovereignty over Taiwan . China is a great power and a major regional power within Asia, and has been characterized as a potential superpower . China emerged as one of the world's earliest civilizations in the fertile basin of the Yellow River in the North China Plain . For millennia, China's political system was based on hereditary monarchies, or dynasties , beginning with the semi-legendary Xia dynasty . Since then, China has then expanded, fractured, and re-unified numerous times
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Beijing
BEIJING, formerly romanized as PEKING, is the capital of the People\'s Republic of China and the world's third most populous city proper . It is also one of the world's most populous capital cities. The city, located in northern China , is governed as a direct-controlled municipality under the national government with 16 urban, suburban, and rural districts . Beijing Municipality is surrounded by Hebei Province with the exception of neighbouring Tianjin Municipality to the southeast; together the three divisions form the Jingjinji metropolitan region and the national capital region of China. As a city combining both modern and traditional architecture , Beijing is an ever-changing megacity rich in history but also truly modern, exemplified in its global influence in politics , business "> , the city's subway network is the busiest and second longest in the world , after Shanghai\'s subway system . The city\'s history dates back three millennia . As the last of the Four Great Ancient Capitals of China , Beijing has been the political center of the country for much of the past eight centuries. With mountains surrounding the inland city on three sides, in addition to the old inner and outer city walls , Beijing was strategically poised and developed to be the residence of the emperor and thus was the perfect location for the imperial capital
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Wang Jianlin
WANG JIANLIN (Chinese : 王健林; pinyin : Wáng Jiànlín; born October 24, 1954) is a Chinese businessman who is the founder of Dalian
Dalian
Wanda Group , China's largest real estate developer , as well as the world's largest movie theater operator. He owns 20% of the Spanish football club Atlético Madrid . In 2016, Wang agreed a deal with FIFA to launch the China Cup, which will see top international sides compete in Asia every year. During the course of his career, Wang was the economic consultant of Yunnan province, as well as a construction consultant of the Guiyang government, and was named honorable citizen of Changchun city, and "outstanding contributor" to the construction of Dalian
Dalian
city. CONTENTS * 1 Early life and Career * 2 Politics * 3 Wealth * 4 Personal life * 5 References EARLY LIFE AND CAREER Wang Jianlin
Wang Jianlin
was born on October 24, 1954, in Cangxi County , Guangyuan , Sichuan
Sichuan
, China. His father fought for Mao Zedong
Mao Zedong
's People\'s Liberation Army during the Long March
Long March
(October 1934–October 1935). After sixteen years in the People\'s Liberation Army , Wang started working as the Office Administrator for the Xigang District
Xigang District
in the city of Dalian
Dalian

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Net Income
In business , NET INCOME (TOTAL COMPREHENSIVE INCOME, NET EARNINGS, NET PROFIT, informally, BOTTOM LINE) is an entity's income minus cost of goods sold , expenses and taxes for an accounting period . It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in shareholders\' equity that results from a company's operations. In the context of the presentation of financial statements , the IFRS Foundation defines net income as synonymous with PROFIT AND LOSS. Net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes. CONTENTS * 1 Definition * 2 An equation for net income * 3 Other terms * 4 See also * 5 References DEFINITION Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings . As profit and earnings are used synonymously for income (also depending on UK and US usage), NET EARNINGS and NET PROFIT are commonly found as synonyms for net income. Often, the term INCOME is substituted for net income, yet this is not preferred due to the possible ambiguity
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Asset
In financial accounting , an ASSET is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business . One can classify assets into two major asset classes: tangible assets and intangible assets . Tangible assets contain various subclasses, including current assets and fixed assets . Current assets include inventory , while fixed assets include such items as buildings and equipment . Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace. Examples of intangible assets include goodwill , copyrights , trademarks , patents and computer programs , and financial assets, including such items as accounts receivable , bonds and stocks
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Division (business)
A DIVISION of a business , sometimes called a _BUSINESS SECTOR_, is one of the parts into which a business, organization or company is divided. The divisions are distinct parts of that business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. However, in a large organization, various parts of the business may be run by different subsidiaries , and a business division may include one or many subsidiaries. Each subsidiary is a separate legal entity owned by the primary business or by another subsidiary in the hierarchy. Often a division operates under a separate name and is the equivalent of a corporation or limited liability company obtaining a fictitious name or "doing business as " certificate and operating a business under that fictitious name. Companies often set up business units to operate in divisions prior to the legal formation of subsidiaries. Generally, only an "entity", e.g. a corporation, public limited company (plc) or limited liability company, etc. would have a "division"; an individual operating in this manner would simply be "operating under a fictitious name". An example of this would be to look at Hewlett Packard
Hewlett Packard
(HP), the computer and printer company. HP has several divisions, with the printer division, that makes laser and inkjet printers, being the largest and most profitable division
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Wanda Cinemas
WANDA CINEMAS (simplified Chinese : 万达院线; traditional Chinese : 萬達院線; pinyin : Wàndá Yuànxiàn) is a cinema operator in China, headquartered in the Wanda Plaza (万达广场) in Chaoyang District , Beijing
Beijing
. It is a part of the Dalian Wanda Group . As of 2014 Wang Jianlin
Wang Jianlin
is the head of the company. As of April 2017, Wanda Cinema remained China's largest fi